secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001024305-23-000046
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty enters amended stockholders agreement with JAB, appoints lead independent director
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- Amended agreement restricts JAB from acquiring shares if it raises voting power >9% above Tender Offer level, for 3 years.
- JAB cannot transfer shares to make another the largest beneficial owner for one year; certain exceptions apply.
- Company must include specified questions in annual D&O questionnaire per the settlement.
- Agreement terminates when JAB's beneficial ownership falls below 25% of voting power on fully diluted basis.
- Delaware Court approved settlement on June 13, 2023; Johannes Huth appointed Lead Independent Director.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000046/0001024305-23-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000102430523000046/coty-20230613.htm
  HTML page:      https://secwatch.observer/filing/0001024305-23-000046

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